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20121219
20121219
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.5 billion in penalties. regulators in the u.s., u.k. and sorts when charged ubs and manipulating a key interest rate known as libor. >> his was person -- pervasive manipulation of global benchmark interest rates by dozens of staff across three continents. and the heavy fine reflects the regulator's concerns. the ubs chief executives said those of all but the extent of the fraud and bribes maybe revealed by further criminal investigations. in just one instance revealed by the u.k. financial services authority, ubs made corrupt payments of around $24,000 a quarter for 18 months to brokers to thank them for helping them manipulate the global industry. libor is used to price more than $350 trillion of contracts around the world. potential losers include pension funds, insurance companies, and individuals. more than a dozen banks have been caught up in an international inquiry and there are more cases to come. >> i would imagine there are probably more skeletons in the covered, and that really think that some point policy makers and regulators need to start focusing on the fact that we will
inquiry to the deadly attack on the u.s. consulate in libya has found security was grossly inadequate. >> the attack in september killed the u.s. ambassador and three other americans. the report has blamed systemic failures and leadership deficiencies at the state department. the secretary of state says she will adopt all of the recommendations. >> the inquiry also found that americans had no warning of the attack and little knowledge of the threat posed by local militia. >> funerals will be held today for six victims of the newtown school massacre, including the school principal. >> the incident has once again put the spotlight on gun control in america and the country's powerful gun lobby. the national rifle association has spoken out for the first time since the massacre. >> americans exercising their right to bear arms in the state of virginia, part of their constitutional guarantee to self-defense, but the deaths in connecticut have revived the debate about what kinds of weapons are needed for self- defense. many now want washington to come up with stricter laws about public acce
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